According to a report from Gamasutra, Grin has closed its offices in both Barcelona and Gothenburg, while its headquarters in Stockholm may also be in trouble. Unnamed sources have revealed that employees have been told not to show up for work, and that the developer may be going through bankruptcy.

Grin was originally founded in 1997, and released its first game—the futuristic racer Ballistics—on the PC in 2001. Since then the developer has also handled the PC ports of Ghost Recon Advanced Warfighter 1 & 2, as well as the positively-received downloadable remake Bionic Commando: Rearmed.

Grin has yet to release any sort of official statement, but given the company's recent slump, the report does seem like a distinct possibility. We've contacted Grin for comment, and will update the story should any new information arise.